Prism Johnson rose 2.53% to Rs 103.50 at 13:42 IST on BSE after the company secured part fuel requirement in the recently held auction of coal linkages for the cement industry.
The announcement was made after market hours yesterday, 13 August 2018.Meanwhile, the S&P BSE Sensex was up 259.22 points, or 0.69% to 37,904.12
On the BSE, 99,000 shares were traded in the counter so far compared with average daily volumes of 6.58 lakh shares in the past two weeks. The stock had hit a high of Rs 107 and a low of Rs 103 so far during the day. The stock hit a record high of Rs 158.95 on 16 January 2018. The stock hit a 52-week low of Rs 92.10 on 19 July 2018.
The mid-cap company has equity capital of Rs 503.36 crore. Face value per share is Rs 10.
Prism Johnson's cement division had successfully bid for 47,900 tonnes per annum (TPA) of coal from Coal India (CIL) subsidiaries in a recently held auction of coal linkages for the cement industry. The company has secured part fuel requirement for the next five years. This, alongwith the earlier coal linkage of 138,300 TPA, adds to 186,200 TPA and constitutes about one third of the Division's annual fuel requirement.
Prism Johnson reported 320.61% surge in net profit to Rs 70.20 crore on 10.78% rise in total income to Rs 1500.87 crore in Q1 June 2018 over Q1 June 2017.
Prism Johnson (earlier known as Prism Cement) is one of India's leading integrated building materials company, with a wide range of products from cement, ready-mixed concrete, tiles, bath products to kitchens.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
